positive upside, page-19

Elpha,

Sadly it's not that simple.

Unless they can arrange finance, and very soon, the already dim prospects of this company will fade very rapidly.

Gold miners world wide have shown they are poor at getting return to shareholders and this was true even at 1850 dollar gold. At 1480 gold GRY will find it very hard to get financing without massive dilution to it's share holder base.

Within 12 months this company will probably be out of cash unless they seriously arrest their cash burn and given then are two years at best from getting any gold out of the ground how do you think they will proceed from here?

I'd say that even if they halved in price, unless they can show how they will finance the mine AND keep it profitable at these low gold prices, they wouldn't be great value.

I think there are better speccie plays out there for the brave who want to go to junior or emerging goldies.

Good luck to all

Twinsen